Shepherds Friendly Society is a mutual which means it answers to its members rather than shareholders.
Established in 1826, it's one of the oldest financial mutual societies in the world. They are currently based in Greater Manchester.
It originally only offered sickness and benefits cover but now over a range of products, such as life insurance and investment products.
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| Cost (Year 1) i | £740.00 |
|---|---|
| Account closure fee | £0.00 |
| Charge for transferring investments to another platform i | £0.00 |
| Charge for selling holdings if not enough money in account for charges | £0.00 |
| Completing paper applications | £0.00 |
| Cash withdrawal by BACs | £0.00 |
| Same day payment/payment by CHAPs | |
| Early account closure fee | £0.00 |
| Cost of receiving paper statements for a year | £0.00 |
| Charge for transferring cash to another platform i | £0.00 |
| Does the provider have a mobile app? |
| Cost (Year 1) i | £740.00 |
|---|---|
| Account closure fee | £0.00 |
| Charge for transferring investments to another platform i | £0.00 |
| Charge for selling holdings if not enough money in account for charges | £0.00 |
| Completing paper applications | £0.00 |
| Cash withdrawal by BACs | £0.00 |
| Same day payment/payment by CHAPs | |
| Early account closure fee | £0.00 |
| Cost of receiving paper statements for a year | £0.00 |
| Charge for transferring cash to another platform i | £0.00 |
| Is there a mobile app? |
| Age when premiums stop i | 90 |
|---|---|
| Cover for accidental death in waiting period i | 100% |
| How long after policy is started can full benefits be claimed? i | 24 months |
| Cover type (level or increasing) i | Level |
| Signing up incentive i | £125 gift card |
| Minimum age i | 50 |
| Maximum age i | 80 |
| Cover for non-accidental death in waiting period (% of premiums paid) i | 150% |
| Payout for accidental death outside waiting period i | 100% |
| How much for terminal illness benefit? i | £0.00 |
| How much will be paid for serious illness? i | £0.00 |
| Can you reduce monthly payments? i | |
| If a payment is missed, how long until the policy is cancelled? i | 90 days |
| Does the policy offer the customer a proportionate amount of money back if they choose to cancel after paying 50% or more of the scheduled monthly payments? i | |
| Rate used to calculate increasing cover i | |
| Discount offered with a funeral provider? i | £250 |
| Funeral benefit option provider i | Co-op Funeralcare |